Stablecoin

The Libra stablecoin project launched by Facebook is coming under a lot of scrutiny after more authorities called out the social media giant to shelve it off for now. The stablecoin project has already suffered from a range of setbacks and the social media company is far behind the scheduled launch date. Hence, it is making people wonder how much…

The global community has been warned by the European Central Bank about the risks associated with so-called ‘stablecoin runs’. They are the equivalent of the term ‘bank runs’, which is used in the traditional financial system. In a report released on Tuesday by the ECB, these stablecoin runs are likely to occur in the event that users lose confidence in…